Whitecap Resources (TSE:WCP) Stock: Insider Thanh Chan Kang Acquires 5,000 Shares

Key Points

• Insider purchase: Thanh Chan Kang acquired 5,000 Whitecap Resources shares at an average price of C$18.78, investing C$93,900. Following the transaction, Kang owned 484,275 shares.
• Stock performance and results: Whitecap shares fell 6.1% to C$18.43 during Monday trading. The company reported quarterly EPS of C$0.27 on revenue of C$2.14 billion, with a 19.74% net margin.
• Analyst outlook: Several brokerages recently raised their price targets, and analysts maintain a consensus “Buy” rating with an average target of C$20.50.

Whitecap Resources Inc. (TSE:WCP - Get Free Report) insider Thanh Chan Kang bought 5,000 shares of the business's stock in a transaction that occurred on Monday, November 2nd. The shares were bought at an average cost of C$18.78 per share, for a total transaction of C$93,900.00. Following the completion of the purchase, the insider owned 484,275 shares of the company's stock, valued at C$9,094,684.50. This represents a 1.04% increase in their ownership of the stock.

Whitecap Resources Stock Down 6.1%

Shares of TSE WCP traded down C$1.19 during midday trading on Monday, hitting C$18.43. 6,473,235 shares of the stock traded hands, compared to its average volume of 6,173,192. The company has a debt-to-equity ratio of 23.99, a quick ratio of 0.67 and a current ratio of 0.60. Whitecap Resources Inc. has a one year low of C$10.18 and a one year high of C$20.79. The business has a 50 day moving average price of C$18.74 and a two-hundred day moving average price of C$15.91. The company has a market cap of C$22.42 billion, a PE ratio of 14.51, a P/E/G ratio of -0.33 and a beta of 0.29.

Whitecap Resources (TSE:WCP - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported C$0.27 earnings per share (EPS) for the quarter. Whitecap Resources had a return on equity of 13.77% and a net margin of 19.74%. The business had revenue of C$2.14 billion during the quarter. On average, equities analysts predict that Whitecap Resources Inc. will post 1.12 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WCP. Canaccord Genuity Group increased their price target on shares of Whitecap Resources from C$23.00 to C$23.50 and gave the stock a "buy" rating in a report on Thursday. ATB Cormark Capital Markets upped their target price on shares of Whitecap Resources from C$19.00 to C$23.00 and gave the stock an "outperform" rating in a report on Thursday, October 22nd. TD increased their target price on shares of Whitecap Resources from C$18.00 to C$21.00 and gave the stock a "buy" rating in a research note on Friday, September 11th. Desjardins increased their target price on shares of Whitecap Resources from C$23.00 to C$24.00 and gave the stock a "buy" rating in a research note on Tuesday, October 20th. Finally, Royal Bank Of Canada raised their price target on shares of Whitecap Resources from C$20.00 to C$22.00 and gave the company an "outperform" rating in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$20.50.

Whitecap Resources Company Profile

Whitecap Resources Inc is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.

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